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Nakumatt: Another ailing Kenyan company
washiku
#421 Posted : Monday, September 18, 2017 9:16:54 PM
Rank: Chief

Joined: 5/9/2007
Posts: 13,095
pops
#422 Posted : Monday, September 18, 2017 9:34:38 PM
Rank: Member

Joined: 9/13/2006
Posts: 123
This is the way the deal works. Nakumatt owners have siphoned off 25 billion fraudulently. They now will pump in that stolen money through Tuskys as a merger, re stock strategy. This way they absolve themselves of repaying any of their debts. Gullible suppliers and other debtors feel some hope with this and call off the court orders for winding up. Same crooks use another skin to con more people! Tuskys goes insolvent in 5 years time. These are master con people.
obiero
#423 Posted : Monday, September 18, 2017 10:33:26 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
pops wrote:
This is the way the deal works. Nakumatt owners have siphoned off 25 billion fraudulently. They now will pump in that stolen money through Tuskys as a merger, re stock strategy. This way they absolve themselves of repaying any of their debts. Gullible suppliers and other debtors feel some hope with this and call off the court orders for winding up. Same crooks use another skin to con more people! Tuskys goes insolvent in 5 years time. These are master con people.

Led by none other than the boss.. But Tuskys will gain out of the situation, if they play their cards right.. Ours is a sad country

KQ ABP 4.26
KulaRaha
#424 Posted : Tuesday, September 19, 2017 8:37:38 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Tuskys has nothing to gain...this is money laundering in the purest.
Business opportunities are like buses,there's always another one coming
Gathige
#425 Posted : Tuesday, September 19, 2017 8:46:16 AM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
KulaRaha wrote:
Tuskys has nothing to gain...this is money laundering in the purest.



Precisely, With real estate saturation, this is the new avenue.
"Things that matter most must never be at the mercy of things that matter least." Goethe
Juojo
#426 Posted : Tuesday, September 19, 2017 10:29:41 AM
Rank: Member

Joined: 7/7/2009
Posts: 41
Mike Ock wrote:
kayhara wrote:
Guys this being Kenya what if there is a faceless cat hiding behind Tuskys to get to Nakumatt, someone with 30 Billion to launder and clean, Nakumatt if well managed can be a very good washing machine, if no branches are closed then this is a big probability, Naivas was eying some Nakumatt branches in Nairobi and Mombasa guess they got jumped.


You can't launder money by paying debt, you'll be giving your hard stolen money to the bank Laughing out loudly . Zero hope here. If the Tuskys MD is a Wazuan, please just let Nakumatt go die and take up some of the locations they leave behind. We are tired of

looking up and down for basic commodities like we've gone back to hunter-gatherer times.
Laughing out loudly Laughing out loudly Laughing out loudly

The only people I pity are the staff and suppliers. These owners are sipping expensive stuff and they watch the drama. They know how fat their accounts are....


Happiness is not the absence of problems, It's the ability to deal with them
KulaRaha
#427 Posted : Tuesday, September 19, 2017 10:45:27 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Gathige wrote:
KulaRaha wrote:
Tuskys has nothing to gain...this is money laundering in the purest.



Precisely, With real estate saturation, this is the new avenue.


Eat your business to death, then come in like an angel investor and restart the process...
Business opportunities are like buses,there's always another one coming
Mike Ock
#428 Posted : Tuesday, September 19, 2017 11:19:34 AM
Rank: Member

Joined: 1/22/2015
Posts: 682
Despite all this merger hullabaloo, the debt still stands and the debtors are still calling. Now TRM are wondering loudly about replacing Nakumatt due to rent arrears

http://www.businessdaily...578-12fahf4z/index.html

stupid merger rumors only delaying the inevitable, Nakumatt wafunge virago haraka please!
KulaRaha
#429 Posted : Tuesday, September 19, 2017 11:35:48 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
The moment one landlord successfully kicks those conmen out, there will be an avalanche of others.

Merger my foot...
Business opportunities are like buses,there's always another one coming
innairobi
#430 Posted : Tuesday, September 19, 2017 3:25:35 PM
Rank: Member

Joined: 9/2/2010
Posts: 845
I suspect Nakumatt are the ones who ran to the media with this thing. They are the ones in distress.


All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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